Giva Raises Rs 255 Cr in Extended Series B, A91 and India Quotient Partially Exit

• Omnichannel jewelry startup Giva has raised Rs 255 crore in an extended Series B round.
• Early backers A91 Partners and India Quotient partially exited, realizing significant returns.
• Funds will be used to expand Giva's offline presence, which includes around 150 physical stores nationwide.
• Giva's revenue grew by 96.4% in FY23, reaching Rs 165 crore, while losses widened to Rs 45 crore.
• The company competes with brands like Melorra, Bluestone, CaratLane, and others.

Source: Entrackr